Housing Counseling FAQ
Q

Can the potential HECM borrower pay for the fee upfront and then request they get it back from loan proceeds?

Date Published: September 2015

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A

No. The client has decided to pay for the counseling session upfront and there would be no reason to reimburse the client out of the Home Equity Conversion Mortgage (HECM) loan proceeds.


Tags: Housing Counseling Program HECM Counseling Fees

FAQ ID:

2556